DETAILED OCCUPATION DATA

15-2011 Actuaries

Occupational Description:
Analyze statistical data, such as mortality, accident, sickness, disability, and retirement rates and construct probability tables to forecast risk and liability for payment of future benefits. May ascertain insurance rates required and cash reserves necessary to ensure payment of future benefits.

Occupational Employment Statistics(OES) Wage Data
Wages Updated to First Quarter, 2020
 Percentiles
GeographyEmploymentEmp SE*MeanMean SE*10th25thMedian75th90th
Central Minnesota N/A10N/A$4.12/hrN/AN/AN/AN/AN/A
Minnesota 46072$53.99/hr$1.78/hr$32.19/hr$38.91/hr$48.58/hr$62.71/hr$84.17/hr
U S 22,260846$58.76/hr$0.65/hr$31.50/hr$39.44/hr$52.63/hr$72.24/hr$94.04/hr
*SE = Standard error, a measure of the statistical reliability of the estimate.


Other Regional Data For Actuaries
Geography (click title for details)OESProjections
EmploymentMedian Wage% Change 2022 - 2032
Seven County Mpls-St Paul, MN 450 $48.48/hr 24.3%
Southwest Minnesota N/A N/A N/A
Southeast Minnesota N/A N/A N/A
Central Minnesota N/A N/A N/A
Related Occupations
Occupation
(click title for details)
OESProjections
EmploymentMedian Wage% Change 2022 - 2032
Accountants and Auditors1,600$30.15/hr6.2%
Cost Estimators620$31.35/hr4.9%
Credit Analysts230$30.10/hr-1.7%
Tax Preparers110$29.74/hr4.2%
Procurement Clerks100$21.25/hr-2.1%
Statisticians30$42.53/hrN/A
Insurance Underwriters20$30.64/hr-2.6%
Tasks for Actuaries